KBR, Inc. (NYSE:KBR) Director Lester L. Lyles Sells 17,000 Shares of Stock

KBR, Inc. (NYSE:KBR – Get Rating) Director Lester L. Lyles sold 17,000 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $54.81, for a total value of $931,770.00. Following the completion of the sale, the director now owns 60,462 shares in the company, valued at $3,313,922.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

KBR Stock Performance

Shares of KBR stock opened at $53.71 on Wednesday. The stock’s 50-day moving average is $52.28 and its two-hundred day moving average is $50.26. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 1.33 and a beta of 1.13. KBR, Inc. has a 1 year low of $41.96 and a 1 year high of $58.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.96.

KBR (NYSE:KBR – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The construction company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.11. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.64 billion. KBR had a return on equity of 25.46% and a net margin of 2.89%. The business’s quarterly revenue was down 35.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. Analysts predict that KBR, Inc. will post 2.86 earnings per share for the current year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Wednesday, March 15th will be issued a dividend of $0.135 per share. This is a positive change from KBR’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $0.54 annualized dividend and a dividend yield of 1.01%. KBR’s dividend payout ratio (DPR) is presently 39.67%.

Hedge Funds Weigh In On KBR

Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of KBR by 16.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,008 shares of the construction company’s stock worth $602,000 after buying an additional 1,540 shares during the last quarter. Natixis Advisors L.P. grew its holdings in shares of KBR by 71.7% during the first quarter. Natixis Advisors L.P. now owns 34,270 shares of the construction company’s stock worth $1,876,000 after buying an additional 14,308 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of KBR by 10.0% during the first quarter. Great West Life Assurance Co. Can now owns 79,664 shares of the construction company’s stock worth $4,488,000 after buying an additional 7,244 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of KBR by 11.3% during the first quarter. Synovus Financial Corp now owns 25,239 shares of the construction company’s stock worth $1,384,000 after buying an additional 2,563 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of KBR by 103.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,920 shares of the construction company’s stock worth $105,000 after buying an additional 974 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KBR shares. DA Davidson increased their price objective on KBR from $60.00 to $70.00 in a research note on Tuesday, February 21st. Bank of America restated a “buy” rating and issued a $65.00 price target on shares of KBR in a research note on Friday, December 2nd. Citigroup raised their price target on KBR from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Cowen raised their price target on KBR from $56.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, February 23rd. Finally, Truist Financial raised their price target on KBR from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, December 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.29.

KBR Company Profile

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KBR, Inc engages in the provision of differentiated professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. It operates through the following segments: Government Solutions, Technology Solutions, Energy Solutions, Non-strategic Business, and Other.